KKR-backed company bets on electric trucks despite political headwinds
A clean technology company backed by some of the world’s largest investment firms is entering the US electric trucking market despite ...
Tag: trucking
20 more freight carriers go bankrupt
Twenty more freight carriers recently filed for bankruptcy as trucking industry challenges persist, with major equipment lenders owed millions. According ...
Custom Truck One Source revenue jumps 8% in 2025
Vocational truck and heavy-equipment dealer Custom Truck One Source posted higher revenue in 2025, driven by strong construction activity and rental ...
RB Global authorizes up to $500M share repurchase
RB Global's board of directors has authorized a share repurchase program allowing the company to buy back up to $500 ...
Rush, Penske truck sales dive in 2025 amid tight lending climate
Truck dealers Rush Enterprises and Penske Automotive saw truck sales slide across the board in 2025 as the freight downturn continued. The industry grappled ...
Mercedes to sell part of €12 Billion Daimler Truck stake
Mercedes-Benz Group AG plans to sell some of its stake in Daimler Truck Holding AG to raise funds as it ...
Volvo Financial Services portfolio shrinks 8.6% in 2025
The financing arm of construction equipment and commercial vehicle manufacturer Volvo Group saw new business volume slide in 2025 despite an uptick ...
Trucking firm Werner acquires FirstFleet for $245 million
Werner Enterprises has acquired privately held dedicated trucking provider FirstFleet for approximately $245 million in cash. The move expands its presence ...
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